Cars.com (CARS) Scheduled to Post Earnings on Thursday

Cars.com (NYSE:CARS) is set to issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Cars.com has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Cars.com (NYSE:CARS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). Cars.com had a net margin of 15.34% and a return on equity of 22.28%. The firm had revenue of $180.18 million during the quarter, compared to analysts’ expectations of $179.81 million. On average, analysts expect Cars.com to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cars.com Trading Down 0.6 %

NYSE CARS opened at $18.05 on Wednesday. The firm’s 50 day moving average price is $19.60 and its two-hundred day moving average price is $18.34. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.62 and a current ratio of 1.62. Cars.com has a twelve month low of $14.82 and a twelve month high of $21.24. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 11.50 and a beta of 2.21.

Insider Activity

In related news, CEO Thomas Alex Vetter sold 17,674 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $19.23, for a total value of $339,871.02. Following the transaction, the chief executive officer now directly owns 598,934 shares in the company, valued at approximately $11,517,500.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas Alex Vetter sold 17,674 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $19.23, for a total transaction of $339,871.02. Following the completion of the transaction, the chief executive officer now owns 598,934 shares of the company’s stock, valued at $11,517,500.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bryan Wiener sold 10,000 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $20.51, for a total transaction of $205,100.00. Following the completion of the transaction, the director now owns 62,913 shares of the company’s stock, valued at approximately $1,290,345.63. The disclosure for this sale can be found here. Insiders have sold a total of 101,184 shares of company stock valued at $1,959,494 over the last 90 days. 2.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Monday.

About Cars.com

Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.